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Manchester Drops Down European Rankings

We're still the 'second city' though, says new report

Written by . Published on October 12th 2011.


Manchester Drops Down European Rankings

MANCHESTER dropped from 12th to 16th in Cushman & Wakefield's annual European Cities Monitor, which ranks cities in nine countries based on a survey of 501 businesses.

The city has held onto its position as the UK's second city for business, however.

"It is clear that commercially, Manchester is now firmly within the elite group of European cities."

It was overtaken in the main rankings by Zurich, Geneva and Stockholm but was higher than Birmingham (18), and Leeds (28), Glasgow (30) and Edinburgh (36). London claimed top spot in the overall list.

The cities are ranked in a number of areas that affect businesses, and Manchester dropped down the rankings for external transport links, telecommunications, value for money and availibility of office space and the cost of staff.

Its ranking for the climate created by government through tax policies and financial incentives fell from 13 to 26.

However, the city did see improved ratings for languages spoken, internal transport and quality of life.

Tony Bray, head of Cushman & Wakefield's Manchester office, said: "Against the backdrop of the harsh economic climate Manchester's claim to be considered at the top table of European cities is justified, particularly given the city's reputation for having access to a skilled, multi lingual workforce and a quality living environment.

"When you consider that the majority of top 10 cities were capital cities, Manchester has fared incredibly well and we should be proud of our achievements.

"Manchester is set for an exciting future with significant development at MediaCityUK, Airport City, Sports City and NOMA. Speculative development is due to start with Argent/GMPVF's St Peter's Sq anticipated on site early 2012."

Tim Newns, chief executive of MIDAS, said: "It is clear that commercially, Manchester is now firmly within the elite group of European cities, the majority of which are capital cities such as Geneva and Stockholm.

"The city has continued to improve its profile in areas such as access to language speakers; quality of life and green credentials; and internal transport links. The only area where Manchester's rank has suffered somewhat is the availability of office space and in this case, due to an almost record year for office uptake last year, Manchester has become a victim of its own success in this category."

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